Price effect is

Related MCQs

• If negative income effect is greater than positive substitution effect : price effect will be
• If negative income effect is greater than positive substitution effect : the product will be
• If negative income effect is less than positive substitution effect : the product will be
• If income effect works in the same direction to that of substitution effect, the good is a:
• If income effect works in the direction opposite to that of substitution effect, the good is not:
• Which method is used by Hicks to eliminate the income effect when price of a product is changed
• When both the price of a substitute and the price of complement of X rises, the demand for X:
• If the percentage increase in the quantity demanded of a commodity is smaller than the percentage fall in its price, the coefficient of price elasticity:
• If the quantity demanded remains unchanged as the price of the commodity falls, the coefficient of price elasticity of demand is
• According to Hicks substitution effect is